DuPont de Nemours (NYSE:DD) Given New $107.00 Price Target at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price objective upped by Wells Fargo & Company from $105.00 to $107.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $1.36 during mid-day trading on Wednesday, hitting $85.69. The company had a trading volume of 452,396 shares, compared to its average volume of 2,493,614. The stock’s 50-day moving average price is $84.25 and its 200-day moving average price is $81.12. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 55.48, a P/E/G ratio of 2.16 and a beta of 1.35. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On DuPont de Nemours

Large investors have recently modified their holdings of the stock. ESL Trust Services LLC bought a new position in DuPont de Nemours in the first quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $27,000. Denver PWM LLC purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC boosted its stake in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Finally, Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.